Ohio Bill Urges Govt. To Adopt Blockchain

PYMNTS

Blockchain got a boost last week after the Ohio House Of Representatives introduced a bill that would let state government agencies use blockchain technology. According to Cleavland.com , the bill sponsored by Ohio Representative Rick Caragna is part of the state’s efforts to build a legal framework for the technology that underpins cryptocurrencies such as bitcoin. Ohio has been pushing to incorporate blockchain into government for some time.

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Why eCommerce Loves Ohio

PYMNTS

When you think of the future of online retail, you may get a vision of innovative online retailers at a startup in Silicon Valley or the hip streets of NYC or L.A. But, in actuality, if you want to see what the future of online retail looks like, you might need to look to Ohio. Fulfillment, while perhaps not the most flashy component of eCommerce operations, is nonetheless vital to the entire equation that often decides the winners and losers of the retail game.

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Overstock To Pay Some Ohio Business Taxes With Bitcoin

PYMNTS

Overstock , the online retailer and blockchain company, announced Thursday (Jan. 3) that it will pay a portion of its state business taxes in Ohio in bitcoin, becoming the first major U.S. In a press release , Overstock said it plans to pay its commercial activity taxes (CAT) in Ohio this coming February using the state’s recently launched OhioCrypto.com platform, which lets taxpayers pay state business taxes with bitcoin. Ohio is the first U.S.

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Macy’s To Open New Ohio Distribution Center

PYMNTS

It looks like Macy’s will be doing some new building in in central Ohio, thanks to an awareness of some state tax incentives. The Macy’s project was one of six awarded tax incentives that are collectively expected to bring or create 1,280 jobs in Ohio while retaining about 3,019. Macy’s has a strong business in Ohio, and we are excited to continue building our presence in the state,” said Jeff Gennette, Macy’s chairman and CEO, in a statement.

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Ohio Firms Team To Put PPE Into Vending Machines

PYMNTS

CLEANLIFE and D & S are both in Cleveland, Ohio. Retail CLEANLIFE D&S Vending News pandemic vending What's HotTo make personal protective equipment (PPE) available via vending machines, PPE and medical safety product distributor CLEANLIFE and vending industry supplier D&S Vending are joining forces. Vending operators will be able to buy six PPE kits at first to sell via their snack machines that are meant to work with current coils, according to an announcement.

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Ohio Lottery Makes A New Bet on Mobile

PYMNTS

But playing and delivery methods keep changing, with Ohio of all places — no offense to the Buckeye State, home to multiple presidents and the Wright Brothers’ aerodynamic innovations — accounting for some of the latest developments. A few years ago, for example, Scientific Games Corporation and InComm released North America’s first lottery retail gift cards. Nor do these mobile-enabled lottery cards represent Ohio’s first attempt to keep its edge when it comes to state lotteries.

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Midwest Retailer Meijer Signs With Instacart For Grocery Delivery

PYMNTS

Online delivery platform Instacart is teaming up with regional Midwest retailer Meijer to provide same-day delivery of groceries. The new service is now available for Meijer customers in Michigan, Ohio, Indiana, Kentucky, Illinois and Wisconsin.

Retail industry upheaval poses challenges for Alliance Data

Payments Source

The Ohio credit card issuer is seeking to rebound following a tumultuous year in which top executives departed and key retail partners declared bankruptcy. Retail industry Private-label Credit quality Consumer banking Credit cards

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Call Me! Ohio Bank Chief Shares Mobile Number on Billboard

American Banker

Jack Kuntz, president and chief executive at American Savings Bank in Portsmouth, Ohio, recently put his personal cell phone number on a billboard off Interstate 71 in Cincinnati as part of an advertising campaign for his $260 million-asset institution. breaking_news dealmaking-strategy retail-branch-strategies mortgage oh community-banking

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Big Retail, Landlords Fight Over Rent At Closed Stores

PYMNTS

Some other names include office retailer Staples, French luxury conglomerate Louis Vuitton and fashion retailer Burlington Stores. However, some states like Ohio, Wisconsin and California have implemented policies making it harder for landlords to evict tenants for nonpayment during the pandemic. Retail Burlington Coronavirus COVID-19 Dick's Sporting Goods landlords Louis Vuitton News Petco Rent staples Victoria's Secret What's Hot

Mega Millions Winning Ticket Could Come Via Payment Card Tonight

PYMNTS

State rules vary, of course, and some states let retailers decide what payment methods to accept. However, retailers are given discretion, and some can ban debit cards if they prefer.”. For instance, Ohio — which also accepts credit and debit for purchases of lotto tickets — recently launched what was described as the state’s “ first mobile-enabled lottery card.” Retail gambling lottery lottery ticket Lotto Mega Millions Mobile Payments News ohio Payment Cards

Crypto Fails To Impress For Corporate Tax Payments

PYMNTS

When the state of Ohio partnered with cryptocurrency company BitPay last year, it meant the state would become the first in the U.S. In an interview with CNBC at the time, Ohio’s then-State Treasurer Josh Mandel said the initiative would increase “options and ease” for businesses, and support the local tech startup community. Ohio’s effort signaled a renewed push for corporate adoption of cryptocurrency.

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Retail Labor Shortage Concerns Deepening

PYMNTS

A good economy is good news for retailers in a variety of regards. But for retailers going into the holiday season 2016, a good economy is creating yet another headwind for physical retailers who’ve spent much of the year being buffeted constantly by market pressures. Much of that hiring came from retail, according to reports, with about 15,968,000 people working in the industry. ” Retail labor shortage

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Retailers Woo Homebound Consumers With Big Deals

PYMNTS

Meanwhile, retailers have been advertising price cuts, steep discounts and free shipping in an effort to stimulate eCommerce sales, according to Reuters. The move follows a letter sent to Amazon CEO Jeff Bezos from four senators — Cory Booker and Robert Menendez of New Jersey, Sherrod Brown of Ohio and U.S. As the fast-spreading coronavirus changes daily life and affects every industry sector, businesses are finding new ways to stay afloat and keep customers fed and entertained.

BLS Report Shows Static Retail Jobs Picture

PYMNTS

That’s the case with the new employment report from the Bureau of Labor Statistics, which showed that retail jobs held steady between January and February. Manufacturing, mining, wholesale and retail trade, and transportation and warehousing saw little change in employment for the month, the BLS said. The Bureau of Labor Statistics sector breakout showed that overall retail lost seven jobs from its 15,666,400. Sometimes no news is good news.

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Mystore-E And An AI Assistant For Physical Retail

PYMNTS

The team at my Mystore-E believes they can solve that problem, with an AI tool called Tore-E that is specifically designed for retail environments. Our goal is to create a personalized shopping experience that benefits retail stores, while also catering to the customers’ wants, needs and style preferences.”. That means digital displays throughout a retail location that allow consumers to attempt things like virtual try-ons via augmented reality (AR).

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Emerging Restaurant Delivery Services Take Hold In Small Cities

PYMNTS

But that’s not the case for some cities, such as Youngstown, Ohio. As Youngstown, Ohio, is near the Pennsylvanian border, the platform serves both Youngstown and a small portion of western Pennsylvania. Delivery doordash e-commerce food delivery Grubdom grubhub mobile app News ohio Restaurants ResTech Retail Seamless Takeout Uber EatsThose hungry for takeout in many cities can choose from a variety of restaurant delivery services.

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Retailers Face More Job Openings Than New Hires

PYMNTS

With unemployment at new lows, staffing has become a challenge for retail companies. Retailers had 757,000 job openings in July, which is roughly 100,000 more than they had a year before, The Wall Street Journal reported. In addition, data from LinkedIn has suggested that cities such as Seattle and New York have a dearth of workers with retail skills. Retailers are hosting “recruiting marathons” to help hire thousands of people.

Retail industry upheaval poses challenges for Alliance Data

American Banker

The Ohio credit card issuer is seeking to rebound following a tumultuous year in which top executives departed and key retail partners declared bankruptcy. Retail industry Private-label Credit quality Consumer banking Credit cards

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Simon Says It Hopes To Save Struggling Mall Retailers

PYMNTS

said Wednesday (July 31) it is considering retail investment as it looks to keep stores in the black, according to CNBC. “I We’re certainly as good as the private-equity guys when it comes to retail investment. Simon added that the company would be selective in supporting retailers, only buying into brands with volume. In February, Simon said he was “nervous” about additional retail bankruptcies happening during the first quarter.

Simon CEO Won’t Promise Tough Retail Times Are Over

PYMNTS

While the CEO of the country’s biggest mall owner thinks that retail store closures will slow down this year, he added that he “can’t guarantee it.”. “I His latest comments come after Simon admitted in February that he was “nervous” about additional retail bankruptcies happening during the first quarter. Later in that month, teen apparel retailer Charlotte Russe, personalized-gift company Things Remembered and Payless filed for bankruptcy.

Unattended Retail Can Boost Visits To Stores

PYMNTS

Wendy’s , for example, planned to roll out self-ordering kiosks at about 1,000 of its retail locations by the end of 2017 in an attempt to both lure younger customers and to battle long lines at peak dining hours. Merchants from QSRs to large eCommerce retailers are turning to technology such as digital kiosks to drive traffic into their stores. If they don’t, they risk losing business to competitors that embrace the technology, according to the PYMNTS Unattended Retail Tracker.

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Retail Pulse: DSW Expands In-Store Experiences; L Brands Plans Store Closures

PYMNTS

Brick-and-mortar fashion retailers are developing in-store experiences to encourage customer loyalty. markets, aiming to generate repeat visits as part of its experiential retail efforts. DSW began working with W Nail Bar in 2017; the two companies offer salon services at Columbus, Ohio’s Easton Town Center and the Polaris Fashion Place. Austin, Texas; and Dublin, Ohio. The retailer, which has 1,143 stores globally, closes an average of around 15 stores annually.

Retail Pulse: The Price Must Be Right

PYMNTS

It’s been a week of experimentation in retail, with many big names opening new types of stores to — as the saying goes — see what sticks. Brands like TJX , Macy’s , craft and fabric retailer Joann , and Walmart ’s ModCloth are trying on smaller-format, off-brand and off-price destinations with features and experiences tailored for the digital-first generation. It does seem, however, that a focus on affordability is a core driver of new retail strategies for brands.

Retailers Explore Tentative Reopening Plans

PYMNTS

At long last, the retail community can start discussing plans to reopen. The Trump administration’s informal guidance released on Thursday (April 16) did not exactly clarify the situation, but some nonessential retailers are going public with reopening plans, and these might provide a roadmap for smaller companies. Those states – New Mexico, Wyoming, Idaho, Alaska, North Dakota, Kentucky, West Virginia and Ohio – will likely become test cases for reopening retail.

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Retail Enabler: CardinalCommerce Protects SMBs From Holiday Fraud

PYMNTS

Black Friday and Cyber Monday sales continue to increase year over year — while some project online holiday sales at $98 billion, new estimates from the National Retail Foundation project that this year’s online holiday sales could reach $117 billion. The eCommerce fraud protection company, headquartered in Cleveland, Ohio, announced last Friday (Nov. The platform is now available for small- and mid-sized retailers to add to their online shopping carts.

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Fifth Third Bank has applied for a national bank charter

Bank Innovation

On Thursday, the bank said it had filed an application with the Office of the Comptroller of the Currency to convert from an Ohio state-chartered bank to a national bank. Compliance Daily Post 1 Exclusive Operations & Best Practices Premium Retail Banking bank charters Fifth Third BankCincinnati-based Fifth Third Bank has applied for a national bank charter as it expands its suite of products and services.

Retail Pulse: goop Finds Stickiness In New York, Opens ‘Lab’; Nordstrom To Offer Early-Bird Pickup

PYMNTS

Digitally native brands often test the retail waters with pop-up shops, and, after some offline success, they may expand their concepts with permanent locations. In preparation for the holiday season this year, the retailer has updated its website and also plans to have a larger array of electronics, toys and fashion products. The retailer also plans to open seasonal pop-ups at six locations of Bass Pro Shops and Cabela’s.

Diebold Nixdorf Announces Strategic Partnership With Kony to Accelerate Mobile Transformation in Financial Services and Retail

Let's Talk Payments

The company also acquired a minority equity stake in Kony, joining forces with the leading mobile applications provider to drive innovative, consumer-centric experiences NORTH CANTON, Ohio – May 22, 2017. Fintech Mobile News news US

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Retail Pulse: Best Buy Strikes Out With Small-Format Stores (But Beats On Earnings)

PYMNTS

This is the opposite of what has been seen in some other categories, where smaller-format stores are helping to stem the tide of closures – or, at least, retailers seem to hope that will be the case. Outside of grocery, crafts retailer A.C. Retail Dive reports that mobile phones, appliances, computing, tablets and smart home devices actually drove the most same-store sales growth for Best Buy this quarter. Retail A.C.

Retailers Explore Tentative Re-opening Plans

PYMNTS

At long last, the retail community can start discussing plans to reopen. The Trump administration’s informal guidance released on Thursday (April 16) did not exactly clarify the situation, but some nonessential retailers are going public with re-opening plans, and these might provide a roadmap for smaller companies. Those states – New Mexico, Wyoming, Idaho, Alaska, North Dakota, Kentucky, West Virginia and Ohio – will likely become test cases for re-opening retail.

Some States Ease Shutdown Rules, Allow Some Businesses To Reopen

PYMNTS

Texas, Ohio and New York are among the states joining Georgia over the next several weeks in reopening parts of their operations during the coronavirus pandemic, according to The Wall Street Journal (WSJ). Texas, in particular, has plans to reopen a sweeping number of establishments, including retail stores, restaurants, malls, museums and libraries. Economy Coronavirus COVID-19 economy Georgia New York News ohio recovery reopening Texas What's Hot

1-800-FLOWERS.COM, Michaels To Hire Thousands Of Seasonal Workers

PYMNTS

Most of the jobs are offered across Oregon, Ohio and Illinois, with select telecommuting positions available. retail industry, as almost 250,000 positions were added in August. Retail Editors' Picks employment holidays jobs News personnel What's Hot

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Grocery Roundup: New Amazon Fresh Store, SpartanNash Puts Incentives In ‘Fast Lane,' Walmart On Autonomous Delivery

PYMNTS

The news comes as the first Amazon Fresh opened , with the eCommerce retailer providing access to the general public to the Los Angeles store in September. Giant Eagle , the Pennsylvania-based supermarket chain, has debuted its myPerks multi-tiered loyalty program in a community in Ohio.

MCX's CurrentC Pilot to Go Dark June 28

Payments Source

Consumers enrolled in the CurrentC mobile wallet in Columbus, Ohio will be cut off after June 28 when the year-long pilot conducted by Merchant Customer Exchange (MCX) ends. mobile technology processing news retail-acquiring